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to be nominating jack lew to replace tim geithner as his new treasury swuf state. stay with us for live coverage from the white house. next, the gunfight continues. joe biden sits down with the nra. stay with us. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differently. is efficiently absorbed in small continuous amounts. citracal slow release continuous
chief of staff jack lew to head the treasury department. he praised outgoing secretary tim geithner. if confirmed, he would take over the treasury department's before the white house and congress debates the debt ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by some of tim geithner and sap jack lew. >> men, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and denounced him as my first to my cabinet. we were barely two months into the financial crisis, the stock market have quivered, the housing market had cratered as well, a bank after bank was on the verge of collapse, and worst of all, more than 800,000 americans would lose their jobs in just a bad month. and the bottom was not yet in sight. i cannot blame tim when he told me he was not the right guy for the job. [laughter] extensivet tim's experience with economic policy made him qualified and i knew he could hit the ground running. as chairman of the new york federal reserve, he had just spent several sleepless and chaotic weeks
of the trish ry secretary is to sign the currency. on this bill you have tim geithner's signature because he's the treasury secretary. if lew is the next treasury secretary? it's over one document after another. you can get a pretty close-up look at it. there it is. image that on your dollar bills. that's how it would look like. tim geithner decided to clean it up before he came up with his signature. >> make it look more official. looks like an 8th grade girl's signature. >> makes a lot of doctor's signatures look legible. >> doug luzader thank you very much. >>> we have extreme weather striking the south this morning. >> janice dean is following us this morning. she is live. >> a spring lime storm moving through texas, louisiana. this is in towards mississippi where we have another tornado warning south of alexandria seeing strong rotation across doppler radar. this could be rain wrapped so people may not see this coming. this is a dangerous situation. severe threat in and around where we see the tornado watch until noon local time. that will stretch into mississippi throughout the day tod
will talk about the pick to replace treasury secretary tim geithner we will talk about jack lew who has served at the treasury department under clinton and obama. is great to see you again. jack lew claim to fame to create a surplus bet americans are up in arms? >> nobody has a better resonate and jack lew who was an aide to tip o'neill during the reform of social security. republicans are really just playing partisan. lori: over the last three years ago with budget director u.s. has run deficits over $8 trillion per year in that rate is of contention with criticism. >> a lot of that's is more partisan fear than reality. one interview that he did when the president proposes budget that spending on government programs would balance with the revenues to equalize. their rubies smaller running deficits but that was the course scope and size issue. they said it is semantics but that is not the case. lori: do they not like him because he is a tough negotiator? >> that is part of it. >> except john kerry every nomination is criticized even in hagel is not good enough. so the backdrop of the ob
it to four years ago when tim geithner came in. geithner had been in the room prior to becoming treasury secretary when he was head of the new york federal reserve. they made the decision to let lehman brothers fail. he walked into a banking and a central bank global financial crisis, and he was a guy who had no learning curve. same thing here. we don't have a banking crisis, we don't have a central banking and financial crisis. we've got a budget crisis in washington. jack lew is steeped in the budget. he takes over from tim geithner right in the middle of this debt ceiling debate which will be followed immediately by the sequestration, the broad spending cuts debate. and then the fact that the u.s. has not had a federal budget since 2009. the so-called continuing resolutions which means nothing changes from the year before. that is central to the whole budget debate. if we actually had a budget in this country, we wouldn't have a debt ceiling debate. we wouldn't have a sequestration debate. jack lew takes over, he's got three things that are going to face him immediately which is why t
succeed tim geithner, who drew fulsome praise from the president. >> when the history books are written tim geithner's going to go down as one of our finest secretaries of the treasury. our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. >> brown: at 57, lew is already a 30-year veteran of washington. he was a principal domestic policy advisor to house speaker tip o'neill in the 1980's, and negotiated with the reagan white house on social security and tax reform. later, he served two stints as the country's budget director, first under president clinton, then under president obama, before becoming white house chief of staff. today, in the east room of the white house, the nominee voiced his gratitude. >> thank you mr. president for your trust confidence and friendship. serving in your administration has allowed me to live out those values my parents ensiled in me and i look forward to continuing with the challenges ahead. >> brown: lew, and other top a
tim geithner. >> and today a team of federal investigators are focusing on why a commuter ferry slammed into a manhattan peer. people were wounded, one critically. >> people were on the ground. >> there's been an explosion in greece claiming the car booming is related to the defense ministry. >> a dozen of killer whales are trapped under sea ice. >> oscar nominations are out, "lincoln" leading with 12. >> barry bonds, roger clemmen, sammy sosa all face accusations of steroid use shut out by the baseball hall of fame. >> off the window to himself! >> turning on the channel right now. >> they clearly don't know the contact. >> all of that matters. >> hillary clinton made the first public comments after off a month dealing with a concussion and blood clot. >> i'm thrilled to be back. >> the president hosted a screening of 1600 penn with send tars who keep embarrassing the white house. as joe biden put it, why is everything looking? >>> welcome to "cbs this morning." we begin with a dangerous turn in the nationwide flu outbreak. the mayor of boston just de
will succeed treasury secretary tim geithner. we knew that enough was likely coming at the end of this week. the afghanistan president is in town on friday. we are looking at tomorrow. still have not confirmed that specific portion. lori: thank you so much. melissa: dish network submitting an offer to buy wireless broadband provider clear wire for $3.30 a share or $5.15 billion. topping an earlier bid from sprint. >> once again you follow what the consumer is doing and they are moving to wireless. we want to offer wireless voice and video. don: how about a direct tv merger? >> there is a lot of speculation. melissa: pressing him and getting the story. sprint which owns half of clear wire they throw a wrench in dishes plan. they could push for large shareholders to force sprint to sell. lori: i am looking down, it is good to see some competition. robert -- will lead the agency after nearly four years of service. if i had a beat here, i have the press release. significant actions connected to the financial crisis. record numbers of cases involving insider trading and misconduct by investment
department. he praised secretary diner. -- tim geithner. this is 15 minutes. >> ladies and gentlemen, the president of the united states, accompanied by tim geithner and jack lew. >> a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in sight. i could not blame tim when he told me he was not the right guy for the job. [laughter] but on news that tim's extensive experience with economic policy made him eminently qualified and i knew he could hit the ground running. as chairman of the federal reserve, he had just spent chaotic weeks emerged in the crisis and had been working with the treasury to save the financial system. then when the wreckage -- with the wreckage of our economy still smoldering, i asked tim to help us put it back together. thanks in large part to his steady hand, our economy has been
to the -- presenting to the nation his nominee to be his next treasury secretary tim geithner is finally leaving and the president turned to his former budget chief, now chief of staff soon to be treasury secretary, jack lew. president obama saying too bad to see tim go but we've got a good guy coming in. >> obama: i understand tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. >> bill: and the president said jack's my buddy. good having him around here but higher duty calls. >> obama: i don't want to see him go because it's working out really well for me to have him here in the white house but my loss will be the nation's gain. >> bill: i lost the nation's gain. -- my loss, the nation's gain. one interesting thing this is what's been getting most of the talk about yesterday's nomination is not necessarily what -- how good a job jack lew will do as treasury secretary. he's a very talented guy. i think he will be a wonderful treasury secretary. and just the right person to have at the president's sid
.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encounter some black ice. through burlingame and 101 you may see it let's go to steve. >> on the coast things can be very active and in fact that is favoring some shower activity going
house chief of staff, to be the next treasury secretary replacing tim geithner. that would require a new chief of staff. this could be part of a larger shuffling of the president's team. >> susan mcginnis in washington this morning. thank you very much. >>> one of the critical issues of the president's foreign policy agenda is the winding down of the war in afghanistan. this friday, mr. obama meets with afghan president hamid karzai. they'll meet in washington to discuss u.s. troop levels in the afghan army. a key issue -- how many u.s. troops will remain in afghanistan after 2014. >>> a grim search resumes this morning for two new jersey teenagers who fell through the ice on a frozen lake. the lake is located about 50 miles northwest of new york city. the boys were walking on the lake last night about 200 yards from shore when they fell in. two residents heard calls for help, got into a boat and tried to reach the teenagers but were not successful. >>> overseas, five americans were among the victims of a helicopter crash in peru. the twin motor copter crash
. >>> president obama has more spots to fill in his cabinet, tim geithner is expected to leave sometime around the nomination. there's a vacancy at the cia since general david petraeus stepped down. a source tells cnn a short list includes counter terrorism and homeland security adviser john brennan as well as acting cia director michael mother el, the man wearing the red tie in the video. >>> the attorney for one of the two ohio teenagers charged with rape wants a judge to postpone and move his clients trial. the 16-year-old high school football players are charged with sexually assaulting a girl last summer. the alleged attack took place at several parties over the course of the night. adam told cnn he wants the case moved out of steubenville. >> given its publicity and what we perceive as threats to individuals, perhaps witnesses and also defendants and defense council, we're concerned about safety issues at this point. secondly i'm concerned about whether or not the kid should be tried in this area. perhaps the fact that it is in the steubenville area is it's going to prohibit certain peop
there on the screen. but it will be on every u.s. bill. the current secretary, tim geithner, had to change his sixty to make it legible too. so they have to have some writing lessons before they become treasury secretary. >> you would think that somebody that high up would have a more legible signature than that. >> it looks like graffiti. >> a little scribble-scrabble. >>> jerry sandusky face as a new court hearing. what his lawyers plan to tell the judge today. >>> president obama is putting a symbolic twist on this year's inauguration. why you may want to pay close attention when he takes the oath of office. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ buildi
to chuck hagel. no change in diversity there. cia director from petraeus to john brennan, no change. tim geithner to jack lou, no change there. john kerry is nominated to replace secretary of state hillary clinton, that's one less woman, the possible replacement with ashton carter, one less minority. and head of the epa lisa jackson, the first black woman to hold that title, her replacement is unknown. of hundreds of senior appoint ees and nominees, 48% were minority or women according to the national journal. and 13 out of 22 of his first cabinet members were diverse. that's a record. but it's not only about ethnicity and gender, the president could potentially nominate the first openly gay cabinet member. he could choose more with business executive experience. his team head count dropped 25% on that measure. age diversity is an issue too. right now two-thirds of obama's team are baby boomers. history shows cabinet choices have lasting effects, madeleine albright's nomination was followed by 15 years of diverse secretaries of state. farther back, president lincoln's cabinet strategy as
. >> chip, what do you think? tim geithner stepping down. how do you think it's going to impact? do you think, either of you, if the president were to ask tim geithner to stick around at least through that, like, listen, friend, can you extend this another six weeks because i don't want to go through a nomination fight in the middle of all of this as well, don't you think tim geithner would say okay? >> one thing i learned in politics, if the president of the united states asks you to do something, you usually do it. you do it enthusiastically. i think timothy geithner, i agree with what jimmy was saying, i think he knew for a long time he was leaving. they've had a long time to get their successor in place. i think it is going to be jack lew for a variety of reasons. in this fiscal cliff debate, we saw jack on the sideline and not fighting with the senators. think he was saving him for this nomination process. i think it is going to be jack. >> good to see you both. thanks, guys. >>> today's twitter question is how much control should congress have over a president's cabinet pick? here
and his choice for treasury secretary. >> a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. the stock market -- bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in sight. i could not blame tim when he told me he was not the right guy for the job. [laughter] extensivews that tim's experience with economic policy made him eminently qualified and i knew he could hit the ground running. as chairman of the federal reserve, he had just spent chaotic weeks emerged in the crisis and had been working with the treasury to save the financial system. then when the wreckage -- with the wreckage of our economy still smoldering, i asked tim to help us put it back together. thanks in large part to his steady hand, our economy has been growing for the past three years. our businesses have created nearly 6 million new jobs. the money we spend to save the financial syste
. >>gretchen: quick headlines. tim geithner getting ready to cash out. now we know who will replace him as treasury secretary. fox news confirming president obama is choosing jack lew. casey anthony lawyers will appeal today. anthony was found guilty of lying to detectives. >>steve: you might have said you liked it when you got it, but what do you do with all those christmas presents if you didn't really like them and don't really need them? don't feel bad because roughly 10% to 15 partly cloudy of all christmas gifts are taken back or exchanged. that adds up to nearly $88 billion worth of things. how can you turn your unwanted gifts into cash? we are joined by an expert, sandra smith. good morning to you. >> good morning. >>steve: for one reason or another we get stuff for christmas maybe we don't need. we've got four of those already. you've got a way you can make some money. >> you can open a closet and dedicate it to all those unwanted christmas gifts and use them throughout the year. maybe you get candles and soaps you may not want. however you may be going to a dinner party later
one of -- >> hank paulson and tim geithner in the darkest moments when people thought they couldn't get money out of the atm, put terms on it. president obama's pick for defense secretary got a ringing endorsement today. the problem was, it came from the islamic republic of iran. >>> plus, the president cleans out his cabinet and all of his new picks are white men. no offense to white men who are sitting on this set but some people are upset about that. >>> first it was fire, the next day it was leaking fuel. what is going on with boeing's dream liner? citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get strai
states signature on all the green backs. that's the current secretary tim geithner's john hancock. here is lu's signature. see that? from a recent white house memo. it's a bunch of scwilgs skillings. geithner had to change his signature from the one you can see here so that people could read his name on the currency. after all, if you get to sign all the money, the least you can do is read your name. by now we have all heard that soda is not good for you. it turns out it might also be making us sad. sad soda. new research that suggests soda drinkers are more likely to be depressed. not really depressing. seems more stupid to me but you'll decide. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... incles grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. using cloud computing and mobile technology, ver
is nominated to replace tim geithner. i want to get into the gun control. the results of the rasmussen poll, 51% of americans now support stricter gun laws. when asked would posting an armed guard in every school makes schools more safe, 48% said yes and 53% said they would feel safer with an armed guard at school versus no adults with guns. castigatederre was cassty for suggesting that. >> the american people are quite smart in that poll. wayne la pierre was saying armed guards instead of controls on guns. the american people are more supportive of gun control. you know, if you go back and you look at studies and you impact of gun control. there aren't a lot that show that it works in it terms of celling violence. there is one case where it did work and that is australia where are there was a mass shooting in the '90s. 35 tourists were killed and they put in an assault weapons ban that was much stricter than it was here and did a buyback program. politically i agree it would be tough sledding here but at least get a lot of those guns that put multiple bullet holes in the children at newtown ou
that, if you remember in the discussions about the fiscal cliff when tim geithner delivers to the republicans the initial offer they don't come back with a counteroffer that says if you want those revenues we want entitlement cuts. they then say to the administration "we want you to propose entitlement cuts so we can turn around and say look you proposed entitlement cuts." so i don't know which it is. i know that in the long run all the economists are going to agree what the root of the challenge. is it's the aging of the the population, rising health care costs and we don't have the tax revenue to cover that. it's not based on excessive spending on food stamps. it's not based on discretionary spending. that is not what the problem is. >> rose: david? >> i think it's significant if republicans have decided they want this next round to be about entitlements rather than spending. because there is no solution in discretionary spending. >> rose: exactly. >> there's not enough money there. >> rose: everything knows that, don't they? i'm surprised everybody doesn't accept that id
currency should he be confirmed as secretary of the treasury. >> well, there is some hope. tim geithner had a messy signature in his past, but on the bill it's completely legible. looks like alexander hamilton. >>> next, aig has thought better about suing the federal government over the terms of the 2008 bank bailout. yes, the same taxpayer funded bailout that brought them $200 billion and saved them from bankruptcy. anyway, before the news of the potential lawsuit, aig launched an ad campaign thanking taxpayers for the bailout money. in light of the planned lawsuit, conan o'brien offered an alternative. >> aig, we said we were going to turn it around, and we did. >> we're now leaner and focused on what we do best. >> a profit of more than $22 billion. >> we turned it around. >> [ bleep ] you, america. >> [ bleep ] you, america. >> [ bleep ] you, america. >> from all of us at aig, seriously america, go [ bleep ] yourselves. >> it's tough to see how they even toyed with the idea of a lawsuit against the same government that saved them from bankruptcy. >>> next, if you're in congress and plan
the administration has not pursued its goals. >> he is not tim geithner. geithner really did come from wall street and was a guy who was there to some degree to protect those institutions, and lew is not that. >> meanwhile, governor, we are not -- the person that in theory should be the most controversial, john brennan, the drone program, he took himself out of contention in 2008. nothing has been said about him. >> because he is low key and on the radar screen from the public, and it not one of the big three. >> might check in with rachel maddow. >> i was going to say, i also think it's because there's been an acquessence. >> the republicans like drones. >> bernie sanders is planting a flag in jack lew's -- >> he represents the entire left of the democratic party? >> one wing of the very progressive left. you are just moving it like a very far -- a tad -- i'm not saying anything against senators here on this show, but i think -- >> bernie is a greet graet guy, but it's a tiny little wing. it's probably a little fet zeesh fet other the wing. >> wow. feathers and wicks. we need to take a break. pre
. they won't specify. the outgoing treasury secretary, tim geithner said, we have no plan. and as geithner always says, plan beats no plan. you have no plan. >> and the american people have no idea what they're talking about on this stuff. >> that i agree with. we're sending conflicting messages. >> it doesn't matter what people think about cutting spending. we have to. >> the polling data show by 75% the american people want spending cuts. i will say this. i may be wrong and you all may be right. but i think the g.o.p. is now migrating towards the spending sequester. including the defense and national security cuts. we're going to debate that in a few moments with general mccaffrey. but i think the gop is migrating there. i think that is exactly the right thing to do. and it shows a little bit of courage. and i think this letter from the four senators today, keith, all it says is waw waw waw we don't want to cut spending. >> that's what john boehner says. interesting rates are low now, inflation is low now. we're still recovering from an economic crisis. this is not the time quite honestl
, tim geithner at treasury, hillary clinton at state who stayed on the whole time. is this a reflection on this president or just how grueling and critical this job has become? >> i think it's a reflection of how grueling and critical the job has become and how tough it is on people. i talked to someone leaving the white house yesterday. i said what are you going to do? i'm going to get a job where i don't have to get up at 5:00 a.m. every day. it never stops, 24/7 and not surprising that people after two years or a year decide they want to do something else. it's very hard on people, particularly people with young kids and families. >> the top contenders for chief of staff are two more white men, den is mcdonough and ronald klain. let me get your reaction to this. >> barack obama is black. >> some of the president's top advisers are women, valerie jarrett, half of the white house staff is women. that's been a diverse cabinet and white house staff. what we're experiencing now is a communications problem more than an actual diversity problem. >> rich, is this an optics problem? >> let me
the same number of loops each time he does it. >> tim geithner says one of the first things he had to do when he became treasury secretary, was make it a little more legible. >> it suddenly matters. >>> other stories making news this morning. john has that for us. >>> the 16-year-old who opened fire and critically wounded a high school classmate claims he was bullied. he was tar getting two boys at taft high school in balkersfield, california. the suspect may have had a hit list. teacher ryan heber and kim lee fields, counselor, getting high praise for convincing the shooter to put the shotgun down. >> this teacher and counselor stood face to face not knowi ii whether he would turn the gun on them. they have seen the news meadow, probably expected the worst and hoped for the best, gave students a chance to escape and conversed and it worked. >> for now, the suspect will be charged as a juvenile with attempted murder it will be up to prosecutors to decide if he will be eventually charged as an adult. >>> some americans are believed to be among the dead in a hotel fire in the northern phil
secretary. >>> also, treasury secretary tim geithner planning to leave later this month, sometime around the inauguration. >>> seven minutes past the hour. with heavy little hearts and under very heavy guard, classes have resumed for students at sandy hook elementary school. hit the books for the first time since the massacre three times. they were held in a school in nearby connecticut made to look like their old school. students were anxious to resume study. >> we took the bus. had the normal routine, getting them breakfast, getting backpacks packed and then we went out and waited for the bus. as soon as the bus came, they didn't look back. bye, guys. waved and ran on the bus. >> everybody worked so hard to make this as normal as possible for the kids. teachers and school administrators tried to make it as normal as possible. kids cubbies and desks moved intact. tried to recreate some of the rooms for them as well. just such an amazing effort. i wish them all well. >> there is word that former congresswoman gaby gifford may visit the newtown families today. the lieutenant governor said
to replace tim geithner. geithner had signature problems too. previous secretaries penned readable if not memorable signatures. geithner told public radio last week india is to blame. >> i took hand riting in india. i probably didn't get the best instruction. >> even if he did, he doesn't know where to begin. >> he has a symbolic strange signature. if he caressing legacy, he'll adjust his signature so that it's less transparent. >> now, for those of you who are wondering, my signature has ledgeability issues of its own, but nobody's asked me to be treasury secretary and definitely never will. >> thank you, major. >> what's interesting about this is why does he sign his name that way? >> i don't know, charlie. i was trying to figure out which is the jay, which is the a. i can't tell. do you think he'll change it? >>> we drink coffee in the morning to help us wake up, but did you know coffee might also fight off depression? we'll show you how many cups you may need to stay happy next. >>> and there's an investigation of an outbreak of legionnaires' disease. why hospital officials wou
Search Results 0 to 49 of about 57 (some duplicates have been removed)